Monthly Archives: January 2007
MFA applauds recommendations by Senator Schumer and Mayor Bloomberg
WASHINGTON, D.C., January 29, 2007 — Managed Funds Association (MFA) said today it applauds Senator Charles E. Schumer (D., N.Y.) and New York City Mayor Michael R. Bloomberg for shedding light on the potential demise of the U.S. as the […]
Hedge fund exodus from Virgin Islands
Herald Tribune – At the Deep End Bar, a poolside grill on the island of St. Croix just steps from the Green Cay Marina, a handful of money managers and investors sipped Cruzan rum from a localdistillery and reached for […]
ECB’s Weber calls for hedge fund code of conduct
Reuters UK – A voluntary code of conduct by the hedge fund industry would be an important first step towards better oversight of this fast-growing segment of the financial markets, European CentralBank Governing Council member Axel Weber told Reuters. Germany […]
Korea should open market to hedge funds
Korea Herald – The government should allow the establishment of hedge funds in a bid to further develop the local financial industry, think tanks said yesterday. The Korea Institute for International Economic Policy and the Korea Institute of Finance separately […]
Hedge Funds Examine Airline Merger
HedgeCo.Net (New York) – Delta Air Lines is planning a reorganization of its business plan, including a possible merger that is said would improve service, but is being scrutinized by hedge fund shareholders. US Airways has offered to buy Delta […]
Man Investments Announces Fund Launch
HedgeCo.Net (New York) – Hedge fund Man Investments announced the launch of a new fund in the Man MGS Access Series 2 Ltd. The fund will be offered in two bond classes, both targeting a moderate level of 8-10% annualised […]
Teachers’ Retirement System to invest $1 billion in hedge funds
CHICAGO The state Teachers’ Retirement System plans to invest nearly a (B) billion dollars into hedge funds to help solve its financial problems. That’s according to a report in the Chicago Tribune today.Such an investment is considered a controversial move […]
Jupiter plans hedge fund for Ehrmann
Reuters UK – Jupiter Asset Management is planning to launch a hedge fund for top-performing fund manager Philip Ehrmann and may also launch a “green” hedge fund, the company said on Friday. Ehrmann, who was formerly head of Pacific and […]
Investor demand drives European hedge fund IPOs
Reuters UK – Investors increasingly eager to tap into hedge-fund returns are spurring a flurry of public listings for such generally secretive investment vehicles. Brevan Howard Asset Management, for one, said this week it plans to launch a closed-ended investment […]
Battle over hedge fund regulation heats up
Reuters – The battle over whether more oversight is needed for the $1.5 trillion global hedge fund industry heated up this week as more top officials clashed, underscoring a lack of consensus forradical change. The European Central Bank waded into […]
Albright Jumps Into the Hedge Fund Fray
Black Enterprise – Madeleine Albright, the U.S. Secretary of State under former President Bill Clinton, announced the creation of a new hedge fund carrying her name – Albright Capital Management -and conveniently based in Washington. Ms. Albright will chair the […]
Hedge Funds Flee Tax Haven in Virgin Islands, Hounded by IRS
Bloomberg – At the Deep End Bar, a poolside grill in St. Croix just steps from the Green Cay Marina, a handful of money managers and investors sip Cruzan rum from a local distillery and reach forcomplimentary bug repellent as […]